Course Outline

It is all too easy to get the drafting of these clauses wrong as shown by the many recent cases, most of which arise out of drafting errors. Similarly, it can be difficult to know what amendments to make when receiving a document from the other side.

This new course will focus entirely on drafting overage agreements and clauses - both the initial drafting of clauses and the drafting of amendments to clauses using a number of ‘real life’ examples.

What You Will Learn

This course will cover the following:

Defining the trigger event(s) - including dealing with planning, sales and commencement of development

Creating formulae for calculation of overage

Traps including:

What happens if the mechanism for calculating the overage fails? How can you provide for this?

Defining how the land is to be valued

What happens if the seller dies before overage is due?

What happens if the buyer sells the land before overage is due?

What happens if the buyer becomes insolvent? How can this best be provided for?

Discounts are available for multiple places and if you have 5 or more people interested in this course and would like to discuss holding it in your area or on an in-house basis then please email us at information@mblseminars.com

Can’t Make the Date?

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